* Gevo Inc reported a quarterly adjusted loss of 8 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of four analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -8 cents to -6 cents per share.
* Revenue fell 1.7% to $3.99 million from a year ago; analysts expected $4.40 million.
* Gevo Inc's reported EPS for the quarter was a loss of 8 cents.
* The company reported a quarterly loss of $18.88 million.
* Gevo Inc shares had fallen by 9.7% this quarter and lost 40.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the renewable fuels peer group is also "buy"
Wall Street's median 12-month price target for Gevo Inc is $1.18 This summary was machine generated from LSEG data May 2 at 09:50 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 -0.07 -0.08 Missed
Dec. 31 2023 -0.05 -0.08 Missed
Sep. 30 2023 -0.05 -0.07 Missed
Jun. 30 2023 -0.05 -0.06 Missed
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